The grain markets closed the week higher across the board. December Corn futures gained $0.09.5 for the week, closing at $4.22.5 on Friday. November Soybeans futures saw a gain of $0.12.75 for the week, settling at $10.19.5. December Chicago Wheat futures closed higher for the first week in five, up $0.05.25 to $5.03.75. Ideas of lower than expected harvest yields provided support for both corn and soybeans. With the absence of government reports due to the shutdown, traders are relying on first-hand accounts from producers. As the North American harvest moves forward, the market's attention is shifting toward South American weather and the potential implications for their upcoming crop production. Midweek also saw the release of the notebook crush report, which was reported at 197.863 million bushels, the fourth-highest level for any month on record.
FOLLOW THE MARKETS
Most Recent